Functional Composites Market Research Report - Global Forecast to 2027

Functional Composites Market Research Report, by Type (Metal Matrix Composites, Polymer Matrix Composites) by Function (Thermally Conductive, Electrically Conductive) by End-user (electrical and electronics, automotive) – Global Forecast till 2027

ID: MRFR/CnM/0364-HCR | February 2021 | Region: Global | 139 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis:


Functional Composites Market are compounds that possess special electrical, optical, and magnetic properties. The advantages of functional composites such as enhanced stiffness, high tensile strength, and high durability among others pave their way into many end-user industries. The growing demand for end-user industries such as aerospace and defense, automobile, building & construction, and consumer goods & electronics among others are the major factors driving the global functional composites market.


Among the various function segments in the global functional composites market, the thermal conductive segment is the leading the market growth and is anticipated to continue its dominance over the forecast period 2017-2023. The growing demand for functional composites in eco-friendly constructions is attributing to the growth of the segment. The thermal conductive functional composites improve the energy efficiency in heating, air conditioning, ventilation, and lighting applications. On the basis of the type, polymer matrix composites are the leading segment and are expected to exhibit an exponential CAGR during the forecast years. The growing demand for low weight materials in aerospace, automotive and defense industries is contributing significantly to the growth of the segment.


The Global Functional Composites Market Share, by Function


 Functional Composites


Source: MRFR analysis


Regional Analysis 


The functional composites market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the market and is expected to be the fastest growing region at a rapid rate. Growing population and the increasing per capita disposable income in the developing nations are primarily driving the growth of the global functional composites market. Moreover, increasing demand for functional composites in the automobile and electronic industry mainly in countries such as India, China, and Japan is propelling the market growth. Furthermore, factor such as competitive manufacturing cost and encouraging government regulations are further contributing to the growth of the market in this region. Additionally, the growing defense budget coupled with increasing application of functional composites in energy and power sector is surging the market growth.


North America is another dominant region in the global market. The presence of three big automobile companies namely General Motors, Ford, and Fiat Chrysler has augmented the overall demand for functional composites from the automobile industry. Furthermore, developed end-user industries such as electrical and electronics and aerospace coupled with the increasing adoption rate are other factors driving the growth of the market. The U.S. and Canada are the major countries attributing to the growth of the market.


The European region is a lucrative market and is mainly driven by a well-developed automobile and electrical & electronic industry. The growing application in the aerospace and construction sector has further augmented the growth of the market. Moreover, the increasing defense investment in the European region is also expected to fuel the market growth.


Segmental Analysis


The global functional composites market is segmented into type, function, and end-user. On the basis of the type, the market is segregated into metal matrix composites, polymer matrix composites, ceramic matrix composites, and hybrid matrix composites.  The market by the function is segmented into thermal conducive, electrical conducive, magnetic, barrier and optic. The market by the end user industry is further categorized into aerospace and defense, wind energy, transportation, building & construction, electrical & electronics, and consumer goods.


Key Players


Some of the prominent players operating in the global functional composites market are 3M Company (U.S.), 3A Composites (Switzerland), Air Products and Chemicals, Inc. (U.S.), Bayer AG (Germany), DuPont (U.S.), AMETEK Inc. (U.S.), Applied Materials, Inc. (U.S.), Kyocera Corporation (Japan), Momentive Inc (U.S.), and Materion Corporation (U.S.).


Geographical Analysis


The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.


Intended Audience



  • Functional composites  market manufacturers

  • Traders and distributors of functional composites market

  • Production process industries

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory 



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant value
  CAGR   2019–2027: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, By Function, By End-user
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   3M Company (U.S.), 3A Composites (Switzerland), Air Products and Chemicals, Inc. (U.S.), Bayer AG (Germany), DuPont (U.S.), AMETEK Inc. (U.S.), Applied Materials, Inc. (U.S.), Kyocera Corporation (Japan), Momentive Inc (U.S.), and Materion Corporation (U.S.).
  Key Market Opportunities

  • Enhanced stiffness
  • High tensile strength
  • High durability among others pave
  •   Key Market Drivers

  • Aerospace and Defense
  • Automobile
  • Building & Construction
  • Consumer goods & Electronics


  • Frequently Asked Questions (FAQ) :


    The enhanced stiffness, high tensile strength, and high durability of functional polymers are the major advantages of functional polymers over alternatives.

    The growing demand for functional composites from industries such as construction, automotive, aerospace and defense, and consumer goods is the major driver for the functional composites market.

    Polymer matrix composites hold the largest share in the global functional composites market, followed by metal matrix composites.

    Major functions of functional composites include thermal conductive, electrical conductive, magnetic, barrier, and optic.

    Asia Pacific is the largest regional market for functional composites due to the growing automotive, consumer goods, and aerospace industries in the region.

    TABLE OF CONTENTS

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Porter’s Five Forces Analysis

    4.1.1 Threat of New Entrants

    4.1.2 Bargaining Power of Buyers

    4.1.3 Threat of Substitutes

    4.1.4 Segment Rivalry

    4.2 Value Chain/Supply Chain of Global Functional Composites Market

    5 Industry Overview of Global Functional Composites Market

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact Analysis

    5.4 Market Challenges

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact Analysis

    7. Global Functional Composites Market by Type

    7.1 Introduction

    7.2 Metal Matrix Composites

    7.2.1 Market Estimates & Forecast, 2020-2027

    7.2.2 Market Estimates & Forecast by Region, 2020-2027

    7.3 Polymer Matrix Composites

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast by Region, 2020-2027

    7.4 Ceramic Matrix Composites

    7.4.1 Market Estimates & Forecast, 2020-2027

    7.4.2 Market Estimates & Forecast by Region, 2020-2027

    7.5 Hybrid Matrix Composites

    7.5.1 Market Estimates & Forecast, 2020-2027

    7.5.2 Market Estimates & Forecast by Region, 2020-2027

    8. Global Functional Composites Market by Function

    8.1 Introduction

    8.2 Thermally Conducive

    8.2.1 Market Estimates & Forecast, 2020-2027

    8.2.2 Market Estimates & Forecast by Region, 2020-2027

    8.3 Electrically Conducive

    8.3.1 Market Estimates & Forecast, 2020-2027

    8.3.2 Market Estimates & Forecast by Region, 2020-2027

    8.4 Magnetic

    8.4.1 Market Estimates & Forecast, 2020-2027

    8.4.2 Market Estimates & Forecast by Region, 2020-2027

    8.5 Barrier

    8.5.1 Market Estimates & Forecast, 2020-2027

    8.5.2 Market Estimates & Forecast by Region, 2020-2027

    8.5 Optic

    8.6.1 Market Estimates & Forecast, 2020-2027

    8.6.2 Market Estimates & Forecast by Region, 2020-2027

    9. Global Functional Composites Market by End User Industry

    9.1 Introduction

    9.2 Aerospace and Defense

    9.2.1 Market Estimates & Forecast, 2020-2027

    9.2.2 Market Estimates & Forecast by Region, 2020-2027

    9.3 Wind Energy

    9.3.1 Market Estimates & Forecast, 2020-2027

    9.3.2 Market Estimates & Forecast by Region, 2020-2027

    9.4 Transportation

    9.4.1 Market Estimates & Forecast, 2020-2027

    9.4.2 Market Estimates & Forecast by Region, 2020-2027

    9.5 Building and Construction

    9.5.1 Market Estimates & Forecast, 2020-2027

    9.5.2 Market Estimates & Forecast by Region, 2020-2027

    9.6 Electrical and Electronics

    9.6.1 Market Estimates & Forecast, 2020-2027

    9.6.2 Market Estimates & Forecast by Region, 2020-2027

    9.7 Consumer Goods

    9.7.1 Market Estimates & Forecast, 2020-2027

    9.7.2 Market Estimates & Forecast by Region, 2020-2027

    10. Global Functional Composites Market, by Region

    10.1 Introduction

    10.2 North America

    10.2.1 Market Estimates & Forecast, 2020-2027

    10.2.2 Market Estimates & Forecast by Type, 2020-2027

    10.2.3 Market Estimates & Forecast by Function, 2020-2027

    10.2.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.2.5 U.S.

    10.2.5.1 Market Estimates & Forecast, 2020-2027

    10.2.5.2 Market Estimates & Forecast by Type, 2020-2027

    10.2.5.3 Market Estimates & Forecast by Function, 2020-2027

    10.2.5.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.2.6 Mexico

    10.2.6.1 Market Estimates & Forecast, 2020-2027

    10.2.6.2 Market Estimates & Forecast by Type, 2020-2027

    10.2.6.3 Market Estimates & Forecast by Function, 2020-2027

    10.2.6.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.2.7 Canada

    10.2.7.1 Market Estimates & Forecast, 2020-2027

    10.2.7.2 Market Estimates & Forecast by Type, 2020-2027

    10.2.7.3 Market Estimates & Forecast by Function, 2020-2027

    10.2.7.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.3 Europe

    10.3.1 Market Estimates & Forecast, 2020-2027

    10.3.2 Market Estimates & Forecast by Type, 2020-2027

    10.3.3 Market Estimates & Forecast by Function, 2020-2027

    10.3.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.3.5 Germany

    10.3.5.1 Market Estimates & Forecast, 2020-2027

    10.3.5.2 Market Estimates & Forecast by Type, 2020-2027

    10.3.5.3 Market Estimates & Forecast by Function, 2020-2027

    10.3.5.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.3.6. France

    10.3.6.1 Market Estimates & Forecast, 2020-2027

    10.3.6.2 Market Estimates & Forecast by Type, 2020-2027

    10.3.6.3 Market Estimates & Forecast by Function, 2020-2027

    10.3.6.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.3.7 Italy

    10.3.7.1 Market Estimates & Forecast, 2020-2027

    10.3.7.2 Market Estimates & Forecast by Type, 2020-2027

    10.3.7.3 Market Estimates & Forecast by Function, 2020-2027

    10.3.7.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.3.8 Spain

    10.3.8.1 Market Estimates & Forecast, 2020-2027

    10.3.8.2 Market Estimates & Forecast by Type, 2020-2027

    10.3.8.3 Market Estimates & Forecast by Function, 2020-2027

    10.3.8.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.3.9 U.K

    10.3.9.1 Market Estimates & Forecast, 2020-2027

    10.3.9.2 Market Estimates & Forecast by Type, 2020-2027

    10.3.9.3 Market Estimates & Forecast by Function, 2020-2027

    10.3.9.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.3.10 Rest of Europe

    10.3.10.1 Market Estimates & Forecast, 2020-2027

    10.3.10.2 Market Estimates & Forecast by Type, 2020-2027

    10.3.10.3 Market Estimates & Forecast by Function, 2020-2027

    10.3.10.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.4 Asia Pacific

    10.4.1 Market Estimates & Forecast, 2020-2027

    10.4.2 Market Estimates & Forecast by Type, 2020-2027

    10.4.3 Market Estimates & Forecast by Function, 2020-2027

    10.4.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.4.5 China

    10.4.5.1 Market Estimates & Forecast, 2020-2027

    10.4.5.2 Market Estimates & Forecast by Type, 2020-2027

    10.4.5.3 Market Estimates & Forecast by Function, 2020-2027

    10.4.5.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.4.6 India

    10.4.6.1 Market Estimates & Forecast, 2020-2027

    10.4.6.2 Market Estimates & Forecast by Type, 2020-2027

    10.4.6.3 Market Estimates & Forecast by Function, 2020-2027

    10.4.6.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.4.7 Japan

    10.4.7.1 Market Estimates & Forecast, 2020-2027

    10.4.7.2 Market Estimates & Forecast by Type, 2020-2027

    10.4.7.3 Market Estimates & Forecast by Function, 2020-2027

    10.4.7.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.4.8 Australia

    10.4.8.1 Market Estimates & Forecast, 2020-2027

    10.4.8.2 Market Estimates & Forecast by Type, 2020-2027

    10.4.8.3 Market Estimates & Forecast by Function, 2020-2027

    10.4.8.4 Market Estimates & Forecast by End User Industry 2020-2027

    10.4.9 New Zealand

    10.4.9.1 Market Estimates & Forecast, 2020-2027

    10.4.9.2 Market Estimates & Forecast by Type, 2020-2027

    10.4.9.3 Market Estimates & Forecast by Function, 2020-2027

    10.4.9.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.4.10 Rest of Asia Pacific

    10.4.10.1 Market Estimates & Forecast, 2020-2027

    10.4.10.2 Market Estimates & Forecast by Type, 2020-2027

    10.4.10.3 Market Estimates & Forecast by Function, 2020-2027

    10.4.10.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.5 The Middle East & Africa

    10.5.1 Market Estimates & Forecast, 2020-2027

    10.5.2 Market Estimates & Forecast by Type, 2020-2027

    10.5.3 Market Estimates & Forecast by Function, 2020-2027

    10.5.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.5.5 Turkey

    10.5.5.1 Market Estimates & Forecast, 2020-2027

    10.5.5.2 Market Estimates & Forecast by Type, 2020-2027

    10.5.5.3 Market Estimates & Forecast by Function, 2020-2027

    10.5.5.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.5.6 Israel

    10.5.6.1 Market Estimates & Forecast, 2020-2027

    10.5.6.2 Market Estimates & Forecast by Type, 2020-2027

    10.5.6.3 Market Estimates & Forecast by Function, 2020-2027

    10.5.6.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.5.7 North Africa

    10.5.7.1 Market Estimates & Forecast, 2020-2027

    10.5.7.2 Market Estimates & Forecast by Type, 2020-2027

    10.5.7.3 Market Estimates & Forecast by Function, 2020-2027

    10.5.7.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.5.8 GCC

    10.5.8.1 Market Estimates & Forecast, 2020-2027

    10.5.8.2 Market Estimates & Forecast by Type, 2020-2027

    10.5.8.3 Market Estimates & Forecast by Function, 2020-2027

    10.5.8.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.5.9 Rest of the Middle East & Africa

    10.5.9.1 Market Estimates & Forecast, 2020-2027

    10.5.9.2 Market Estimates & Forecast by Type, 2020-2027

    10.5.9.3 Market Estimates & Forecast by Function, 2020-2027

    10.5.9.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.6 Latin America

    10.6.1 Market Estimates & Forecast, 2020-2027

    10.6.2 Market Estimates & Forecast by Type, 2020-2027

    10.6.3 Market Estimates & Forecast by Function, 2020-2027

    10.6.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.6.5 Brazil

    10.6.5.1 Market Estimates & Forecast, 2020-2027

    10.6.5.2 Market Estimates & Forecast by Type, 2020-2027

    10.6.5.3 Market Estimates & Forecast by Function, 2020-2027

    10.6.5.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.6.6 Argentina

    10.6.6.1 Market Estimates & Forecast, 2020-2027

    10.6.6.2 Market Estimates & Forecast by Type, 2020-2027

    10.6.6.3 Market Estimates & Forecast by Function, 2020-2027

    10.6.6.4 Market Estimates & Forecast by End User Industry, 2020-2027

    10.6.7 Rest of Latin America

    10.6.7.1 Market Estimates & Forecast, 2020-2027

    10.6.7.2 Market Estimates & Forecast by Type, 2020-2027

    10.6.7.3 Market Estimates & Forecast by Function, 2020-2027

    10.6.7.4 Market Estimates & Forecast by End User Industry, 2020-2027

    11. Company Landscape

    12. Company Profiles

    12.1 3M Company

    12.1.1 Company Overview

    12.1.2 Type/Business Segment Overview

    12.1.3 Financial Updates

    12.1.4 Key Developments

    12.2 3A Composites

    12.2.1 Company Overview

    12.2.2 Type/Business Segment Overview

    12.2.3 Financial Updates

    12.2.4 Key Developments

    12.3 Air Products and Chemicals, Inc

    12.3.1 Company Overview

    12.3.2 Type/Business Segment Overview

    12.3.3 Financial Updates

    12.3.4 Key Developments

    12.4 Bayer AG

    12.4.1 Company Overview

    12.4.2 Type/Business Segment Overview

    12.4.3 Financial Updates

    12.4.4 Key Developments

    12.5 AMETEK Inc

    12.5.1 Company Overview

    12.5.2 Type/Business Segment Overview

    12.5.3 Financial Updates

    12.5.4 Key Developments

    12.6 DuPont

    12.6.1 Company Overview

    12.6.2 Type/Business Segment Overview

    12.6.3 Financial Updates

    12.6.4 Key Developments

    12.7 Applied Materials, Inc.

    12.7.1 Company Overview

    12.7.2 Type/Business Segment Overview

    12.7.3 Financial Updates

    12.7.4 Key Developments

    12.8 Kyocera Corporation

    12.8.1 Company Overview

    12.8.2 Type/Business Segment Overview

    12.8.3 Financial Updates

    12.8.4 Key Developments

    12.9 Momentive Inc

    12.9.1 Company Overview

    12.9.2 Type/Business Segment Overview

    12.9.3 Financial Updates

    12.9.4 Key Developments

    12.10 Materion Corporation

    12.10.1 Company Overview

    12.10.2 Type/Business Segment Overview

    12.10.3 Financial Updates

    12.10.4 Key Developments

    13 Conclusion

    LIST OF TABLES

    Table 1 World Population by Major Regions (2020 To 2030)

    Table 2 Global Functional Composites Market: By Region, 2020-2027

    Table 3 North America Functional Composites Market: By Country, 2020-2027

    Table 4 Europe Functional Composites Market: By Country, 2020-2027

    Table 5 Asia-Pacific Functional Composites Market: By Country, 2020-2027

    Table 6 Middle East & Africa Functional Composites Market: By Country, 2020-2027

    Table 7 Latin America Functional Composites Market: By Country, 2020-2027

    Table 8 Global Functional Composites by Type Market: By Regions, 2020-2027

    Table 9 North America Functional Composites by Type Market: By Country, 2020-2027

    Table10 Europe Functional Composites by Type Market: By Country, 2020-2027

    Table11 Asia-Pacific Functional Composites by Type Market: By Country, 2020-2027

    Table12 Middle East & Africa Functional Composites by Type Market: By Country, 2020-2027

    Table13 Latin America Functional Composites by Type Market: By Country, 2020-2027

    Table14 Global Functional Composites by Function Market: By Regions, 2020-2027

    Table15 North America Functional Composites by Function Market: By Country, 2020-2027

    Table16 Europe Functional Composites by Function Market: By Country, 2020-2027

    Table17 Asia-Pacific Functional Composites by Function Market: By Country, 2020-2027

    Table18 Middle East & Africa Functional Composites by Function Market: By Country, 2020-2027

    Table19 Latin America Functional Composites by Function Market: By Country, 2020-2027

    Table20 Global Functional Composites by Function Market: By Regions, 2020-2027

    Table21 North America Functional Composites for End User Industry Market: By Country, 2020-2027

    Table22 Europe Functional Composites for End User Industry Market: By Country, 2020-2027

    Table23 Asia-Pacific Functional Composites for End User Industry Market: By Country, 2020-2027

    Table24 Middle East & Africa Functional Composites for End User Industry Market: By Country, 2020-2027

    Table25 Latin America Functional Composites for End User Industry Market: By Country, 2020-2027

    Table26 Global Type Market: By Region, 2020-2027

    Table27 Global Function Market: By Region, 2020-2027

    Table28 Global End User Industry Market: By Region, 2020-2027

    Table29 North America Functional Composites Market, By Country

    Table30 North America Functional Composites Market, By Type

    Table31 North America Functional Composites Market, By Function

    Table32 North America Functional Composites Market, By End User Industry

    Table33 Europe: Functional Composites Market, By Country

    Table34 Europe: Functional Composites Market, By Type

    Table35 Europe: Functional Composites Market, By Function

    Table36 Europe: Functional Composites Market, By End User Industry

    Table37 Asia Pacific: Functional Composites Market, By Country

    Table38 Asia Pacific: Functional Composites Market, By Type

    Table39 Asia Pacific: Functional Composites Market, By Function

    Table40 Asia Pacific: Functional Composites Market, By End User Industry

    Table41 The Middle East & Africa: Functional Composites Market, By Country

    Table42 The Middle East & Africa Functional Composites Market, By Type

    Table43 The Middle East & Africa Functional Composites Market, By Function

    Table44 The Middle East & Africa: Functional Composites Market, By End User Industry

    Table45 Latin America: Functional Composites Market, By Country

    Table46 Latin America Functional Composites Market, By Type

    Table47 Latin America Functional Composites Market, By Function

    Table48 Latin America: Functional Composites Market, By End User Industry

    LIST OF FIGURES

    FIGURE 1 Global Functional Composites Market segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Porter’s Five Forces Analysis of Global Functional Composites Market

    FIGURE 4 Value Chain of Global Functional Composites Market

    FIGURE 5 Share of Global Functional Composites Market in 2020, by country (in %)

    FIGURE 6 Global Functional Composites Market, 2020-2027,

    FIGURE 7 Sub segments of Type

    FIGURE 8 Global Functional Composites Market size by Type, 2020

    FIGURE 9 Share of Global Functional Composites Market by Type, 2020 to 2027

    FIGURE 10 Global Functional Composites Market size by Function, 2020

    FIGURE 11 Share of Global Functional Composites Market by Function, 2020 to 2027

    FIGURE 12 Global Functional Composites Market size by End User Industry, 2020

    FIGURE 13 Share of Global Functional Composites Market by End User Industry, 2020 to 2027